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Gold Soars As The Fed Explicitly Promises To Debase The U.S. Dollar

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Forum Post
01/26/12 05:08
Gold Mine

Gold Soars As The Fed Explicitly Promises To Debase The U.S. Dollar

Thank author of this post/commentFederal Reserve Chairman Bernanke hit the panic button today by announcing a specific inflation target, vowing to keep rates at zero until at least 2014 and pledging to offer additional monetary stimulus. The Fed also noted, as it has in the past, that the economy still faces "significant downside risks". These actions by the Fed come nearly four years after the financial crisis began in 2008.

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